Malta Government Stocks - Pricing of New Stocks

Further to the announcement dated 22 July with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices of the 2 new MGS’s as follows:

(i) 1.5% MGS 2022 (IV) FI (August 2016) at 107.25% for every €100 nominal giving a yield to maturity of 0.266% per annum;
(ii) 2.4% MGS 2041 (I) at 101.75% for every €100 nominal giving a yield to maturity of 2.307% per annum.

The total aggregate amount is of €100 million subject to an over-allotment option of up to a further €60 million.

The General Public has the possibility of applying in any of these issues in multiples of €100 and up to a maximum amount of €100,000 (nominal) per person. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions for the General Public open on Monday 1 August and close on Wednesday 3 August or earlier in the case of oversubscription. Tenders in the form of sealed bids will be accepted until noon on Monday 8 August.

Investors interested in applying for any of the Malta Government Stock issues are kindly asked to complete an Application Form (accompanied by full payment) and an Assessment & Confirmation Form (please contact us to receive a copy). Although the closing date is Wednesday 3 August, given the possibility that the Treasury may close subscriptions early in the case of over-subscription, investors are urged to submit their application as early as possible.

Application Forms may be downloaded from the below links:

Application Form – 1.5 per cent MGS 2022 (IV) FI – August 2016
Application Form – 2.4 per cent MGS 2041 (I) – August 2016

Further information is available in the Prospectus dated 22 July 2016 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.